Over on the Space.com forums there's been a very nice discussion about the possibility of creating a Gemini-style capsule using modern materials and launching on a Falcon V. It seems that such a capsule could fit the specs for the America's Space Prize. They've got a number of designs drawn up, and have done a pretty good analysis of the specifications:

I have no problem with developing a capsule as opposed to an aerospace vehicle for orbital work; the biggest engineering challenge is to bring it home easily and safely. I'd also like to note that if I was coming home or bringing cargo down from orbit, I would much rather land at an airport than in the ocean.

However, it's probably a very good idea to build a capsule from scratch, while taking design cues from older, proven designs (such as a jettisonable retrorocket pack attached to the heatshield).

Also: the Gemini capsules were each used exactly once, and then put into museums. At least the Shuttle (when it's not falling apart) can be reused, albeit after lengthy and expensive repairs.

isn't the Dragon module using a variation of the Pica-X material for heatshileding?

lol i immediately started to search for the Regollo wing to post a link, but then saw that others beat me to it

the 'chute system used for the X-38 was also pretty slick.

couple the right heat shield, chute system, and throw in airbags, like the Orion was originally going to use, and you should be able to pop that sucker down anywhere. you could even trow in some retro rockets for gits'n'shiggles...lol but that may be overkill.